There will have already been investors guessing on what they believe will happen, as the markets do move on rumour as well as fact, I believe that the ECB will follow the UK's decision and cut by 50 basis points.
Should they decide to cut by more than expected then the Euro should become weaker, and less than expected one would expect the Euro to gain back some of the ground lost over the past two weeks.
An interest rate cut generally has a negative effect on the currency concerned and a hike a s positive one, as investors look to move their funds over to a higher yielding currency.
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Have a great day and thanks for reading!
Daniel Wright
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